Belen, NM Mortgage Rates and Refinance Rates

Mortgages in Belen, NM: Find the best Belen, NM mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Belen, NM, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Belen, NM. Another option is searching for Belen, NM refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Belen, NM mortgage rates or refinance rates.

Search and Compare Belen, NM Mortgage Rates & Refinance Rates

Belen, New Mexico Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Belen, NM are the most popular type of mortgages rates you can find advertised for home buyers in Belen, NM. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Belen, NM mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Belen, NM banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Belen, NM conforming mortgage rates and refi rates lower than Belen, NM jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Belen, NM home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Belen, New Mexico

Jumbo mortgage rates in Belen, NM are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Belen, NM and adjustable mortgage rates in Belen, NM. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Belen, NM make.

Belen, New Mexico Fixed Mortgage Rates and Fixed Refinance Rates

Belen, NM fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

Belen, New Mexico Adjustable Mortgage Rates

Adjustable Belen, NM mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Belen, NM are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Belen, NM. Most adjustable mortgages in Belen, NM have yearly caps and life time maximum caps on how high the interest rate can fluctuate.

Google Map for Belen, NM Rates & Resources

Belen FDIC Insured Banks

Bank Name

FDIC Cert Number


Bank of Albuquerque, National Association

34992 634 Becker Avenue, Belen, NM 87002

First Community Bank

12261 19390 North Hwy 85, Belen, NM 87002

First Community Bank

12261 620 West Reinken Avenue, Belen, NM 87002

My Bank

33616 19339 Highway 314, Belen, NM 87002

My Bank

33616 394 Rio Communities Blvd Branch, Belen, NM 87002

Wells Fargo Bank, National Association

3511 101 South Main Street, Belen, NM 87002